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Oil falls on surprise rise in US inventories, high OPEC output - Reuters
Reuters | Oil falls on surprise rise in US inventories, high OPEC output Reuters SINGAPORE (Reuters) - Oil prices fell on Wednesday, with rising U.S. fuel inventories pulling U.S. crude back below $50 per barrel, while ongoing high OPEC supplies weighed on international prices. U.S. West Texas Intermediate (WTI) crude was at $48.76 ... Oil prices tumble 2%, settling at $49.16, after reports of rising output from Saudi-led oil cartel Oil ends 6-day win streak on renewed glut fears Oil Slides as Industry Is Said to Report Unexpected Crude Build |
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